Manufacturing jobs haven't "left to China". They started to disappear as early as the 70s, due to automation

Manufacturing jobs haven't "left to China". They started to disappear as early as the 70s, due to automation.

it couldnt possibly be that both had a major impact in manufacturing could it? Just because A happened doesnt mean B didnt happen as well

Canada 1
Germany 0

>automation decreases the number of jobs

by that """""logic""""" every German should be out of work. Your entire industrial base revolves around manufacturing.

In reality Germany survives because it gets to use the rest of Europe as a dumpig ground for goods much like China gets to use the US as a dumping grounf for goods.

The result is unemployment in the rest of Europe and in the US.

But I expect the eternal Kraut to deny this.

No, it couldn't.
Because if you look at the USmanufacturing output, it increased a lot since the 1970s. And it kept increasing, even after China entered the WTO.

At the same time, share of employment knew only one direction: down. Regardless of the trade balance.

>ach Mein Got, trade deficits are good, auslander

Then why does Germany insist on having a trade surplus? And why do they insist on punishing the rest of the European Union by imposing the same currency and not being able to protect their markets

The share of manufacturing jobs in Germany also declined since the 1960s.

We had an almost neutral trade balance back then. We now have a huge trade plus - and far less manufacturing jobs nonetheless!

/thread

get fucked fritz.

I never said trade deficits are good.
The trade deficit of the US is due to an over valued dollar.

It declined as a percentage of the economy and jobs while the parasitic financial sector doubled

>Regardless of the trade balance.

solely because of the trade balance (and other neolib policies)

You have a captive market today thanks to your endless rape of Europe.

Boy the rest of Europe sure were idiots to adopt the same currency as you.

You implied it by shitting on protecitonism.

>over valued dollar.

kek no

it's due to the fact US workers have a standard of living expectation above "third world slum"

But Europeans and globalists, in their infinite compassion, don't seem to care. They love getting their products from third world sweatshops.

>globalists will defend this

So why are you arguing that the undervalued Euro helps our trade surplus, only to deny that the overvalued dollar worsens your trade deficit?

It goes both ways.

and look the mass deindustrialization of the US has resulted in a financial consumer debt bomb the likes of which has never been seen.

but that's all fine with Germany, because hey it's not their debt. Out of sight out of mind.

How are consumers supposed to afford to pay off this debt without jobs? Who knows?

>So why are you arguing that the undervalued Euro helps our trade surplus

You're in the Eurozone, a very unique and retarded situation where other countries have all locked themselves into the same currency.

We could theoretically devalue our currency at any time, but the countries you are looting, Greece, France, etc can't. They're stuck with you until the whole population emigrates or they (somehow) manage to escape the worst political union of all time.

I'm waiting for my answer, Germany.

How are consumers going to pay off the historic private debt when all they have is shitty low paying Mcjobs?

And if manufacturing jobs are so bad why don't you send all of yours to China?

I'm waiting for others to join the discussion.

It's true that Germany's trade surplus has a lot to do with the undervalued Euro. So why do you still argue that the over valued dollar isn't the reason for the unfavorable trade balance of the US?

To get rid of your trade deficit, you would need to devalue your dollar.

And while it is true that wage growth for the American middle class has been sluggish: the same has been true for most of the developed world, ever since the 1980s. Again, China has little to do with it.

So the U.S. has robots making TV sets now?
Oh wait, the U.S. doesn't make TVs anymore....

The disappearance of manufacturing jobs was magnified by outsourcing to china and mexico. This also kept down wages. These are not mutually exclusive. Bots and AI will start eliminating jobs in services just like automation did in manufacturing. Ironically IT specialists may have a problem soon since there are already self learning self improving 24h working coding bots.

Pic unrelated

>So why do you still argue that the over valued dollar isn't the reason for the unfavorable trade balance of the US

Obviously devaluing currency helps boost exports. But the US doesn't "want" more exports because that would mean higher wages and more workers in the US.

>been sluggish: the same has been true for most of the developed world, ever since the 1980s

Because of outsourcing and mass immigration

>China has little to do with it.

outsourcing has everything to do with stagnant wages, along with mass immigration.

Only deluded Neo-luddites think "technology" is to blame when technology is the reason western civilization became so advanced and wealthy in the first place.

Wtf ban robots now

That's a lie. Obama told me everything is super swell. So what if people have 3 part time jobs, it just gives them more experience.

Nixon opened trade to China in the 1970s.

>Manufacturing jobs haven't "left to China". They started to disappear as early as the 70s, due to automation.

Even earlier, but they also got outsourced to China and other countries where labor is dirt cheap

Also a reminder that wages are stagnant while prices of healthcare, education, and housing continue to skyrocket, and your neoluddism

Why would increased technology create lower wages and lower living standards? And why would that mean higher cost of living? For the entirety of the industrial revolution wages and living standards went "up" 'until' outsourcing and mass immigration were forced on the west by globalists in the late 70s

Doucheland btfo

Honestly Americans need to accept the Futureā„¢ where all the workers are brown and live in cages while being paid in delicious soylent green coupons

It's the fate Zuckerberg chose for us

>this is perfectly fine

Yeah, because we're surrounded by fully automated factories producing a veritable plethora of quality American goods.

>pick something up
>"Made in China"

Yes, automation is the reason why ford is moving factories to Mexico.

Keep telling yourself that, faggot.

It's funny how people said "Brexit would ruin the economy" as if they ever cared to begin with.

they need Mexican intellectuals to run the complicated technology

I remember watching a 60 minutes show in the 90's I believe about how when all the FARMERS ACROSS AMERICA were losing their farms because of all the subsidies ALOT of them were turning to cash crops in order to just make it by. People will do what it takes to make do. I have a family to feed just like everybody else.

No shit

>implying China would be colonizing the planet without the help of US and Nixon since the 70s
Nixon literally created superpower China and the US continued to transfer the wealth and future of the west to China
would china be what it is today solely based on china's abilities and without western transfer of wealth and technology?

>chinks making cpus and motherboards for every global-market sized company
>companies didnt "leave to china"

Wow, I didn't expect to see a dumb kraut ever.